Interest rate fears keep FTSE flat

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The FTSE 100 has ended the day down 0.8 points, or 0.01%, to 6,155.2, on expectations interest rates will rise to 5% next month after news GDP has grown at its fastest rate for two years.

British Energy Group was the biggest drag on the index with a drop of 4.58% to 448p, closely followed by Northern Rock which fell 1.26% to £11.76, while insurer Prudential slipped 1.24% to 637.5p. Scottish & Newcastle also ended lower with a drop of 1.24% to 559p, closely followed by Reckitt Benckiser which has slipped 1.22% to £21.86, although losses were limited by Reuters which climbed 1.78% to 443.25p. Hammerson posted the biggest gains with a rise of 2.61% to £13.35, closely followed by Intercontinental Hotels which gained 2.52% to 997p, while miner Kazakhmys climbed 1.87% to £12.50...

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